Browsing All posts tagged under »Risk Management Plan«

Step Two of Resolving Virtual Team Conflict is to treat it as a potential risk. The advantage of looking at team conflict as a risk is it’s an easier to say “hey let’s treat team conflict as a risk element, something that might happen” rather than “gee, we’re conflicted and at each others throat, upper […]

The International Institute of Business Analysis was founded just a few years ago in 2003. In terms of professional associations it’s a new kid on the block. Yet in a short time it’s made a profound impact on the discipline and profession of business analysis. One success factor of The IIBA for making a swift […]

Don’t start from scratch. Reuse and recycle. Learn from others. Those three quick statements for learning apply to risk management. Identifying potential risks, good and bad, can be a cumbersome process. To hasten the process, discover what risk are common for your industry, whether that’s construction, information technology, product development or public power. Use those […]

Weaving throughout the Business Analysis Body of Knowledge (BABOK), ISACA content & CobiT, Lean Six Sigma best practice and the Project Management Body of Knowledge (PMBOK) / PRINCE 2 is the concept of proactively managing risk. Risk is based on a probability of an event occuring (positive and negative) and the impact should that even […]

The Risk Management Plan is a document used by project managers to provide guidance on handling risk throughout a project, and because this includes early risks, it should be created early in the project’s planning phase. It is the only output of the Plan Risk Management process, which is one of the 42 project management […]

Plan Risk Management is one of the 42 project management processes described in the fourth edition PMBOK®. It’s one of the six Risk knowledge area processes, and one of the twenty Planning processes. The purpose of this process is to develop the Risk Management Plan which lays the foundation for the other risk processes on […]

In the fourth edition PMBOK®, there are 42 processes—each with its own set of inputs, tools and techniques, and outputs. When learning these processes for your PMP® exam, look for patterns in the inputs and outputs and focus especially on any that are unique to a particular process. For example, in the fourth PMBOK, there […]